Despite the turnout of the pandemic with limited pre-orders for home consoles and the stripped number of units lining store shelves, firms like Microsoft & Sony were recording high increase in revenue with the launch of the new Xbox and PlayStation respectively. Especially with the two SKU model for the Series consoles, Microsoft at most found a 232 percent increase for hardware revenue months after release.
Additionally, Microsoft continued to find that its platform was striking new records in markets it struggled to hold a grasp on. In Japan, the platform in a third of the time for Xbox One sold 100K units. Moreover, the Xbox Series S specifically went on to sell more units than the PlayStation 5 which went on for a few weeks most surprisingly.
Well this week from the latest quarterly financial report, Microsoft shares overall revenue for its Xbox division is down on all fronts including hardware, software, and services.
One large aspect as to why Microsoft is facing this dip can be blamed on its first-party releases. Although the platform is projected for major releases come the near future, 2022 is very vacant for new titles unique to the platform. The firm even acknowledged that the momentum for its exclusive titles will not pick up until 2023 at the very least.
Of course, the firm is also occupied with solidifying the ongoing Activision Blizzard acquisition for $70 billion. However, progress is reported to finish up in record time. In that, the purchase is supposedly very close to finishing its FTC investigation within the month and could even conclude the arrangement sooner than projected. You can read the full report by heading here.
Are you surprised with the state of Xbox from the financial report?
Source: Microsoft
